Toronto: Finance Minister Jim Flaherty says job protection premiums or employment insurance premiums will be solidified for the following three years.

Flaherty says beforehand arranged rate climbs are no more drawn out vital, and the stop will recover organizations and laborers $660 million, one year from now.

The premium rate will stay at the 2013 level of $1.88 for every $100 of protection income.

Flaherty says the unemployment rate has been falling and EI record is on track to come back to adjust sooner than envisioned.

He notes that 60 for every penny of the expense of EI premiums is borne by bosses, and the stop will push contracting.

The Canadian Federation of Independent Business says its content with the announcement made.